Friday June 19, 05:13 PM
Financier Stanford, four others charged with fraud
WASHINGTON (AFP) - Texan billionaire financier Allen Stanford and four others were Friday charged with fraud, money laundering and obstruction in an eight-billion-dollar scam, court documents showed.
The five, including Stanford's chief investment officer Laura Pendergest-Holt, and Leroy King, head of Antigua's financial services regulatory commission, face a total of 21 charges.
A 50-page indictment showed the scam dated back to September 1999 and continued until about February 17 this year.
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